Multiple Agency Fiscal Note Summary – Alternative Jet Fuel Bill 1505 HB

This fiscal note summarizes the estimated financial impact of Washington State House Bill 1505, which concerns alternative jet fuel. The bill is projected to generate costs across multiple state agencies—including the Departments of Revenue, Commerce, and Ecology—totaling over $3 million in operating expenditures for the 2023-25 biennium, while also reflecting growing tax revenue reductions reaching over $9 million by 2027-29 as alternative jet fuel incentives take effect. No capital budget expenditures are anticipated across any of the involved agencies.

Notes

Fiscal impact analysis for Washington State House Bill 1505 regarding alternative jet fuel, showing estimated cash receipts, operating expenditures, and capital budget impacts across multiple state agencies from 2023-2029. The analysis indicates significant revenue impacts starting in 2025-27 with $520,000 in reduced receipts escalating to over $9 million by 2027-29.

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